Pei Wei is a fast-casual restaurant concept that specializes in hand-crafted Asian cuisine, with 225 restaurants in 30 states and total international sales annually of $350 million.
When Pei Wei Asian Diner made the decision to separate from its parent company, P.F. Chang’s China Bistro headquarters in Scottsdale, AZ, a move to Irving, TX was part of the plan to create its own brand identity. Pei Wei chose to relocate to the market where it has the biggest presence with 28 units, giving North Texas the highest concentration of concept units.
Pei Wei currently has 6,300 employees in the U.S. in its restaurant operations and 50 in its corporate headquarters with plans to hire approximately 100 employees over the next five years for its corporate office and test kitchen. The average annual compensation for the initial jobs is $125,000.
Pei Wei will invest $1.5 million in 12,000 square feet of existing building for offices, meeting space and the test kitchen over a four year period, including $1 million for buildings and other real property improvements and $500,000 in machinery and equipment.
The City of Irving granted a $750 per job grant for new hires, up to 100 jobs. In addition, the Irving Economic Development Partnership is coordinating in-kind assistance from business/executive clubs and participation in the City’s Business Development Incentive Program (BizDIP).
